The cost of living in Manchester, NH is -10.9% lower than in Burlington, VT. You would have to earn a salary of $53,449 to maintain your current standard of living. Employers in Manchester, NH typically pay 4.2% more than employeers in Burlington, VT.
Is New Hampshire better than Vermont?
In terms of mountains, you’ll certainly find both in either state. However, when it comes to the most mountains and lush greenery, the better bet is Vermont. It’s not so much the fact that Vermont has more of it as much as it’s the fact that many of the state’s lands still remain undeveloped.
Is it cheaper to live in New Hampshire?
New Hampshire has a cost of living that ranks slightly higher than the national average. However, compared to larger metro areas like Boston or New York, New Hampshire is relatively affordable. When looking at the cost of living in a new state, it’s common to look at the cost of housing.
Is Vermont a cheap state to live in?
Average Cost of Living in Vermont: $47,397 per year
Vermont was the third-cheapest New England State to live in, beating out Rhode Island, Connecticut and Massachusetts, in addition to its western neighbor of New York, which just so happens to be one of the most expensive states in the country.
Is Maine cheaper than Vermont?
When we compare the travel costs of actual travelers between Maine and Vermont, we can see that Vermont is more expensive. And not only is Maine much less expensive, but it is actually a significantly cheaper destination.
Why are homes so cheap in New Hampshire?
There is no income tax in the state, dividends and interest are taxed at just 5 percent, and there’s no sales tax either, which is why many New Englanders are flocking to the state not just to buy goods, but to put down roots. To compensate, property taxes can be considerably higher than in other areas of the country.
Is NH a poor state?
One of the chief drivers of New Hampshire’s high median income is its poverty rate, which is the lowest in the nation. Only 6.9 percent of the state’s residents live below the poverty line, compared with a national average of 13.7 percent (in Mississippi nearly 21 percent of people live in poverty).
What is a livable salary in NH?
Living Wage Calculation for New Hampshire
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $17.32 | $24.11 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $7.25 | $7.25 |
What is the cheapest state in New England to live in?
What is the most affordable city in New England? Based strictly on price-to-income ratio, Torrington, Connecticut is the cheapest place to buy a home in New England. With a PTI ratio of just 2.4, residents can comfortably afford to buy a house on the local median household income of $63,172.
What is minimum wage in NH?
That is why I was proud to once again introduce legislation to raise the minimum wage. SB 203 is simple — incrementally increase New Hampshire’s minimum wage between September of 2022 to July of 2024 from $10 per hour, $12 per hour, and finally $15 per hour.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is the cheapest city to live in New Hampshire?
1. Conway. The eastern town of Conway lands at the top of our list of most affordable cities in New Hampshire.
Is it cheaper to live in NY or VT?
The cost of living in Burlington, VT is -32.3% lower than in New York, NY. You would have to earn a salary of $40,628 to maintain your current standard of living. Employers in Burlington, VT typically pay -18.1% less than employers in New York, NY.
What are the pros and cons of living in New Hampshire?
The Pros And Cons Of Living In New Hampshire
- Natural beauty in a tranquil setting.
- Low crime rates.
- Good economic and educational opportunities.
- No sales tax.
- No state income tax on salaries and wages.
- High property taxes.
- Harsh and long winters.
- Limited diversity.
Is it better to live in New Hampshire or Maine?
In fact, Maine Ranks #1 overall for public safety among the 50 United States, with the lowest violent crime rate and the 4th lowest property crime rate. New Hampshire ranks in at #2 overall, with the second-lowest violent crime rate and the second-lowest property crime rate.
Is it cheaper to live in New Hampshire or California?
California is 11.8% more expensive than New Hampshire.
Is New Hampshire tax free shopping?
Since New Hampshire is one of only five states in the nation that doesn’t impose a sales tax on purchases, your money simply goes further. Visiting the outlets around the state is the perfect way to spend a weekend, offering the chance to reboot your wardrobe, outfit your kids and find gifts for everyone on your list.
Is it cheaper to live in Massachusetts or NH?
The cost of living in NH is 15% less than MA.
How high are the taxes in New Hampshire?
New Hampshire has a flat 5.00 percent individual income tax rate which is levied only on interest and dividends income. New Hampshire also has a 7.60 percent corporate income tax rate. New Hampshire does not have a state sales tax and does not levy local sales taxes.
What is the poorest US state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What percent of NH is black?
1.9%
Table
| Population | |
|---|---|
| White alone, percent | 92.8% |
| Black or African American alone, percent(a) | 1.9% |
| American Indian and Alaska Native alone, percent(a) | 0.3% |
| Asian alone, percent(a) | 3.1% |